Fog Computing Market is expected to grow at a moderate rate during the forecast period. The market growth is majorly attributed to the fact that with the growing internet penetration, the ever-rising mines of data viably need to be stored, processed, and computed. Further, the integration of advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) has resulted in exponential data and the devices’ proliferation. Although cloud computing was the solution to this challenge in the first place, the cloud being a centralized computing structure had its own latency issues.
Owing to this, the majority of renowned companies today are shifting to fog computing for keeping resources and transactions at the edge of a network. This is where fog computing aims at minimizing an organization’s cost of data storage and processing by providing it with a decentralized platform for placing resources in logical locations to enhance performance. For instance, in November 2018, FogHorn Systems announced its collaboration with hardware giant Dell, Inc. This strategy was aimed at developing platforms that will enable commercial as well as industrial customers to leverage the power of edge/fog computing quickly and provide real-time insights to streamline operations and reduce costs.
The challenges of real-time data processing, high network speeds, and latency can be overcome by using Information and Communication Technologies, such as fog computing. Such computing technologies bring compute and storage capabilities to the edge of the network and enable their optimal applications in real-time and context-based business. All industry verticals can find relevant application areas that can benefit from fog computing networks. The major players operating in the market include Dell, Inc., Cisco Systems, Inc., General Electric Co., Fujitsu Ltd., among others.
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Market Coverage
- Market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Fog Computing Market Segmentation
By Component
- Hardware
- Software
By Application
- E-Health
- Oil & Gas
- Transportation & Logistics
- Smart City
- Manufacturing
- Building & Home Automation
- Smart Grids
- Others (Video Streaming and Environmental Monitoring)
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Regional Analysis
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Accenture PLC
- Amazon Web Services, Inc.
- Chaos Prime, Inc.
- Cisco Systems, Inc.
- Cloudera, Inc.
- Crosser Technologies
- Dell, Inc.
- FogHorn Systems
- Fujitsu Ltd.
- General Electric Company
- IBM Corp.
- Intel Corp.
- Itron, Inc.
- Microsoft Corp.
- Nebbiolo Technologies, Inc.
- OSIsoft, LLC
- SAP SE
- Schneider Electric SE
- Tata Consulting Services Ltd.
- Toshiba Digital Solutions Corp.
- V5 Systems, Inc.
- VMware, Inc.
- WICASTR Ltd.
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